Pashabxl

WTI: Crude oil may go bellow 47.74 but not for a long time.

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
468 2 5
At the present time, we do have in the market, and enormous amount of oil             with a demand that is rather low. Even during the worst time of the financial crises, WTI did not cross the 0,764 Fib retracement. At the present time, oil             can go even towards 45. But I do not think that this is a long lasting level.
Crude may progressively go back towards 60-67 after reaching its lowest low. Of course if all this price level is not the first sign of a forthcoming economic crises or an economic correction
AshYo
2 years ago
which stock is the best for oil to be bought at this stage?
Reply
Pashabxl PRO AshYo
2 years ago
I would talk in term of stocks but rather in terms of Oil tracker .
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out